FOR IMMEDIATE RELEASE

CONTACT:
Sheryl L. Cautero
Office Administrator
Reichel Realty & Investments, Inc.
4524 Gun Club Road, Suite 212
West Palm Beach, Florida 33415
(561) 478-4440, Fax (561) 478-4442
scautero@reichelrealty.com
www.reichelrealty.com

Reichel Realty successfully completes 2,305sf Office Lease in West Palm Beach, Florida.

WEST PALM BEACH, FL - August 1, 2002 - Reichel Realty is pleased to announce the lease of two office spaces at 3450 Northlake Boulevard, West Palm Beach, Florida. Ground Rules, Inc., of West Palm Beach, Florida leased 1,135sf of office space. The lease has a (3) three-year term and is valued at $56,182.50.

Community Church of Truth of Palm Beach Gardens, Florida leased 1,170sf of office space. The lease has a (1) one-year term and is valued at $18,000.00.

Richard S. Kaufman, CCIM, Sr. Vice-President successfully handled both transactions. Reichel Realty & Investments, Inc., exclusively represented the Landlord, Mathieu Roskinsky.

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